Patterns by HWAFM

Yes Ii understand , I did unzip , but unzipping the Files.zip gives configuration files , a template file and lst files.
I don't understand where to place the .lst files.
I have a newly installed MT5 , so not much experience with MT5.

Originally Posted by cees49

Yes Ii understand , I did unzip , but unzipping the Files.zip gives configuration files , a template file and lst files.
I don't understand where to place the .lst files.
I have a newly installed MT5 , so not much experience with MT5.

When you unziped so you will have 4 folders:

• Experts folder
• Files folder
• Indicators folder
• scripts folder

Every (each) folder contains HWAFM folder with some files inside it.

So, you should do the following:

1. download and install the latest build of Metatrader 5 from Metaquotes website here
2. open demo account using Metatrader 5
3. Place HWAFM folder from Experts folder to ...\MQL5\Experts
4. Place HWAFM folder from Files folder to ...\MQL5\Files
5. Place HWAFM folder from Indicators folder to ...\MQL5\Indicators
6. Place HWAFM folder from Sscripts folder to ...\MQL5\Scripts
7. restart Metatrader 5 (close it and open it once again)
8. Open any chart (H1 for example) in Metatrader 5 for your selected pair (EURUSD for example)
9. Right mouse click on any place of the chart and select "Properties" (or press F8)
10. After that - Color - Scheme - Black on White
11. On same pop-up window : Show - mark OHLC (to see the name of the pair on your chart).

How to initialize this HWAFM software. There are two ways to do it:

• attach HWAFM_instrument EA to your prepared chart (it is what I did), or
• attach HWAFM_run script to your chart (I did not do it).
• wait ... because this is loading all the data/quotes for the pair and processing it (you can see some text on the chart in red color "processing"). I waited for 10 minutes ... it may be 30 minutes for example ...
• After that - you can see all the patterns for this pair for every timeframe (in separated window). Just click on any figures in separated window - and chart will be loaded with the patterns
• very important: you will see the arrows ... blue color is developed/finished pattern, if the arrow is in magenta/red color so it is developing/forming pattern, if the arrow is on grey color so it is possible pattern. Direction of the arrow is the direction fo the possible trend. Number near the arrow is the number of the patterns found for this timeframe (you can switch between them in the upper subwindow of your chart.

For now - some explanation about what you see and how to use it.

First of all - we can scroll - just press on those arrows:

the other explanation about how to use it:

Do we see someting as
2 20 [arrow]?

• So, 2 is the number of the patterns found for this timeframe for this pair.
• 20 is the rating of this pattern (more higher rating - more good, 25 - 50 is very very good)
• color of arrows: red is for developing patterns, blue color is for developed /formed patterns
• direction of the arrow is the direction of the price to be moved in the future (in case of developing patterns), or the price which was already moved (in case of developed pattern for example).

And this is an example for EURUSD H4 - uptrend may be soon:

Thanks a lot for your detailed explanation.
The Files directory didn't exist on my (newly installed) MT5 platform , therefore my confusion at start.
Hopefully everything is working now.
Again thanks very much.

Originally Posted by cees49

Thanks a lot for your detailed explanation.
The Files directory didn't exist on my (newly installed) MT5 platform , therefore my confusion at start.
Hopefully everything is working now.
Again thanks very much.

Files directory does not exist when you just installed MT5. But when you open demo account and upload some chart with any indicator - it will automatically be created after that (just my experience ... and it is same with MT4 as I know).

EURUSD H2, butterfly with rating 25:

well ... how to predict using patterns? There is some theory (my theory sorry which I used for trading for some time:

if all developing patterns for some pair for timeframe started with M30 are showing uptrend so it will be uptrend. And opposite for downtrend. Just an example: